KUALA LUMPUR, Jan 24 — RHB Banking Group has revised its Base Rate (BR) and Base Lending Rate (BLR) downwards by 25 basis points effective 29 Jan 2020, in line with the reduction in the Overnight Policy Rate (OPR) by Bank Negara Malaysia.
RHB Bank Berhad (“RHB Bank”), RHB Islamic Bank Berhad and RHB Investment Bank Berhad will reduce its BR from 3.75% to 3.50% per annum, and will also revise the BLR from 6.70% to 6.45% per annum.
In line with the revision, RHB Bank’s fixed deposit rates will also be revised downwards by 25 basis points effective 29 Jan 2020.
On Wednesday, Bank Negara Malaysia reduced the OPR by 25 basis points to 2.75% from 3.00%.
— BERNAMA
RHB lowers base rate and base lending rate by 25 basis points
